FILE - President Donald Trump speaks about the economy during an event at the Circa Resort and Casino in Las Vegas, Jan. 25, 2025. (AP Photo/John Locher, File)

WASHINGTON, DC - APRIL 14: (L-R) Rich Lesser (Global Chair - BCG) and Justin Smith (Co-Founder & CEO - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) David McCormick (Senator - (R) Pennsylvania) and Burgess Everett (Congressional Bureau Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Jack Clark (Cofounder and Head of Public Benefit - Anthropic PBC) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Andrew Friedman (General Manager & Head of Public Affairs - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Rich Lesser (Global Chair - BCG) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Justin Smith (Co-Founder & CEO - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Ben Smith (Co-Founder & Editor-in-Chief - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)